Romania's Ministry of Public Finance borrows EUR 67 mln

The Ministry of Public Finance yesterday borrowed EUR 67.6 million from commercial banks at a 2.93% yield, via a seven-year bond issue with a residual maturity of 65 months. Banks underwrote offers of nearly EUR 451 million, reports local Economica.net. The Treasury is now borrowing cheaper via such bonds, after it accepted an average yield of 4.35% in September. The Ministry of Public Finance has planned to borrow EUR 823 million from commercial banks in November, of which EUR 745 million through seven auctions of treasury bills and government bonds, and EUR 78 million in additional sessions for uncompetitive bids related to bond auctions. editor@romania-insider.com